Management of Fund

(1) The Fund shall be administered by a Board which shall consist ofFund. (a) the Chief Executive Officer responsible for the Ministry of Environment who shall be the Chairperson of the Board; the Financial Secretary, or his nominee; (b) the Chief Environmental Officer; (c) the Chief Executive Officer responsible for the Ministry of Economic Development; and (d) a non-governmental organization nominated by the Department. 58 (2) The Board shall(a ,) furnish to the Minister such information with respect to the discharge of its functions as the Minister may require; (b) regulate its meetings and proceedings in such manner as it thinks fit. (3) Meetings of the Board may be convened by the Chairperson or by any two Board members. (4) The Chief Environmental Officer shall be the Secretary of the Board. (5) The Chief Environmental Officer shall submit an annual budget for the approval of the Board. (6) The moneys of the Fund shall not be offset against the Department’s allocation approved by the Government. (7) The Board shall prepare a statement of accounts of the Fund in respect of each financial year.